What is the role of technology in globalisation class 10?
Question: What is the role of technology in globalisation class 10?
Technology plays a major role in globalisation as it facilitates the development of a global economy by creating new markets and opportunities. Technology advances, such as the internet and computer systems, have revolutionized the way we do business and interact with each other.
Technology has made it possible for businesses to expand worldwide and become part of the global economy. Companies can conduct international transactions, store and share information, and even manage their inventories electronically. This makes it easier for companies to expand their markets to other countries and regions.
Technology has also enabled individuals and businesses to communicate with people from around the world. The internet has made it possible for people to easily share information, ideas, and resources with one another. This has allowed for collaboration and cultural exchange in ways that were unimaginable before.
Technology has also enabled companies to manage their supply chains and to have a global reach. Companies can now source materials and services from around the world, and the internet has made it easier to track and monitor shipments. This has enabled businesses to become much more efficient and cost-effective while still maintaining a global reach.
Overall, technology has been essential in allowing the global economy to evolve and thrive. By allowing for more efficient communication, collaboration, and resource management, technology has made globalisation possible.
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